Long-Term Care Insurance

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Long-Term Care Insurance



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Long-Term Care Insurance

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, 1st Edition

Long-term care insurance -- also known as nursing home insurance -- is widely advertised as protection against the devastating costs of extended care. But does it deliver what it promises and is it right for you? This eGuide cuts through the industry PR and dissects the issues, including:

  • extent of coverage
  • conditions and exclusions
  • premiums and renewal terms

Product Details

Over the past decade, people have become increasingly aware of how easily long-term care can wipe out a lifetime of savings. And insurance companies have been quick to capitalize on that fear.

This detailed eGuide teaches you how to evaluate long-term coverage policies to see if they deliver what they promise and fit your needs. It discusses:

  • extent of coverage
  • conditions and exclusion
  • premiums and renewal terms
  • benefit amounts
  • refund provisions

Download this eGuide now and discover the good, the bad and the ugly of long-term care insurance -- while avoiding the shipping charges!

About the Author

  • Joseph Matthews, Attorney

    Joseph Matthews has been an attorney since 1971, and from 1975 to 1977 he taught at the law school of the University of California, Berkeley. He has for many years been involved in matters relating to seniors, and is the author of Social Security, Medicare & Government Pensions and Long Term Care: How to Plan & Pay for It, as well as How to Win Your Personal Injury Claim.

Table of Contents

    Risks and Benefits

  • 1. The Odds of a Long Nursing Facility Stay
  • 2. The Performance of Long-Term Care Insurance
  • 3. Improvements in LTC Insurance
  • 4. The 5% of Income Rule
  • 5. Finding Long-Term Care Policies
  • Warnings About Insurance Practices

  • 1. Beware of Pretty Promises
  • 2. Beware of Brochures and Agents
  • 3. Beware of Mail-Order and Limited-Time-Only Policies
  • 4. Check the Company’s Reliability Rating
  • 5. Examine the Policy
  • Extent of Coverage

  • 1. Custodial Care Nursing Facilities
  • 2. Assisted Living Facilities
  • 3. Home and Community Care
  • Coverage Conditions and Exclusions

  • 1. Prior Hospital or Skilled Nursing Facility Stay
  • 2. Preexisting Condition Exclusion
  • 3. Benefit “Triggers”
  • Premiums

  • 1. Initial Premium Cost
  • 2. Premium Hikes
  • 3. Waiver of Premiums
  • Benefit Amounts

  • 1. Benefit Amount
  • 2. Flexible Benefit Pay-Out
  • 3. Elimination or Waiting Period
  • 4. Inflation Protection
  • Refund Provisions

  • 1. Nonforfeiture Provisions
  • 2. Reduced Paid-Up Provisions3. Death Refunds
  • 4. Survivorship Provisions